At the panel meeting moderated by Professor Nazim Muzaffarli, Prof. Fuad Ganbarov made a report on "Azerbaijan-Turkey economic relations: from cooperation to the strategic alliance"
On May 13, 2022, a conference on “Shusha Declaration and the 30th anniversary of Azerbaijani-Turkish diplomatic relations" was organized by the Center for International Relations Analysis (CIRA) and the Turkish Foreign Ministry Center for Strategic Studies (CSS).
CIRA Chairman of the Board Farid Shafiyev, Director of the Center for Strategic Studies of the Turkish Foreign Ministry Ufuk Ulutas and Turkish Ambassador to Azerbaijan Cahit Bagci made opening speeches at the conference.
Then held two-part panel discussions. Energy, transport and economic relations between the two countries were discussed at the meeting that moderated by the Director General of the Institute of Economics of ANAS, Professor Nazim Muzaffarli (Imanov). At the conference made speeches by Murat Yesiltass, a lecturer at Ankara University of Social Sciences, Shahmar Hajiyev, a CIRA energy expert and Ahmed Ardal, a trade adviser at the Turkish Embassy in Azerbaijan.
Head of the Department of the Institute of Economics of ANAS, Professor Fuad Ganbarov made a presentation on “Azerbaijan-Turkey economic relations: from cooperation to strategic alliance.” It was noted that the foreign trade turnover between Turkey and Azerbaijan in 2021 amounted to $ 4.6 billion, and were observed growth trends. The goal is to increase trade turnover to $ 15 billion by 2023. Azerbaijan has invested $ 19.5 billion in Turkey and $ 12 billion in our sister country. There are 3381 Turkish companies in Azerbaijan and 2563 Azerbaijani companies in Turkey. It was noted that the expanding economic ties between the two countries, especially in the sectors of energy and transport have great prospects for mutual benefit.
With the participation of the head of the department of the Institute of Economics of ANAS, associate professor Mahir Zeynalov the panel meetings ended with answering the questions of the participants (economics.com.az).
